Sep

FX Thoughts for the Day

Cable has risen from the day’s low of 1.6329 and is now trading in the Significant Resistance region 1.6430-60. If the current upside momentum continues we might expect a break above this Resistance region (1.6430-60) in coming sessions and see a rise towards 1.67 over the next few days. However,…

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Sep

Usd/Cad "Ending Diagonal", Oil around the Support Line

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Posted by admin as Daily forex analysis

Usd/Cad reached new lows in the past week, but did not hold for long, as prices quickly reversed after a break of 1.0630. Such a quick turning point suggests that the bottom may already be in, which means that traders could be looking for a move higher into wave A)…

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Sep

Currency Technical Report

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Posted by admin as Daily forex analysis

Euro was expected to move to new tops after Monday’s daily close and the market’s reaction at 1,4620-40 support levels. Important technical resistance emerges at 1,4860-4920 area and a correction is likely to be formed from these levels. However the rise could be resumed after this correction. As we had…

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Sep

GBPUSD: Follow-Through Higher Seen, Targets The 1.6566 Level

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Posted by admin as Daily forex analysis

With a higher close seen on Tuesday from its corrective recovery triggered off the 1.6132 level, its Sept 21′09 low and a follow-through higher today testing the back of its broken MT rising trendline currently at 1.6432, risk of a break back above the mentioned broken trendline is now building…

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Sep

EURUSD: Maintains Above The 1.4717 Level, Eyes Further Upside

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Posted by admin as Daily forex analysis

Having decisively broken and held above the 1.4719 level, its Dec 18′09 high, EUR now looks to head further higher targeting the next tar resistance standing at the 1.4875 level, representing its Sept 21′09 high. A trade above the latter will clear the way for a run at its psycho…

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Sep

Technical Analysis Daily: USD/JPY

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Posted by admin as Daily forex analysis

Dollar/Yen failed to continue his ascending correction on Tuesday. Of the 3 hour chart the bullish channel was broken downwards and the trading under 91.75 indicates that the correctional phase is completed and now the currency couple is ready to continue their main descending scenario. Our expectations, however are bullish…

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Sep

Currency Pair Daily Forecasts

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Posted by admin as Daily forex analysis

EUR/USD-market strategy can be a sell from the level 1.4810$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover above the zero line. In order to find the power of the market, we use…

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Sep

Forex and Dow Jones Recommended Levels

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Posted by admin as Daily forex analysis

EUR/USD Today’s support: - 1.4748 and 1.4712(main), where correction is possible. Break would give 1.4681, where correction also may be. Then follows 1.4665. Break of the latter would result in 1.4620. If a strong impulse, we would see 1.4577. Continuation will give 1.4552.

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Sep

Forex Technical Analysis

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Posted by admin as Daily forex analysis

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.

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Sep

Daily FX Report

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Posted by admin as Daily forex analysis

Since September, the EUR has been trading close to a bullish trend-line against the USD. It touched the pivot resistance at 1.4814, but couldn`t cross it. The RSI shows an overbought market and may indicate a bearish trend-reversal. The next support could be at 1.4761 according to its Pivot point….

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